Sei Investments Co. Buys 30,075 Shares of Central Garden & Pet Company $CENTA

Sei Investments Co. increased its stake in Central Garden & Pet Company (NASDAQ:CENTA - Free Report) by 39.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 106,460 shares of the company's stock after acquiring an additional 30,075 shares during the quarter. Sei Investments Co. owned about 0.17% of Central Garden & Pet worth $3,451,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd bought a new position in Central Garden & Pet during the 4th quarter worth approximately $25,000. Advisory Services Network LLC acquired a new position in shares of Central Garden & Pet in the 3rd quarter worth approximately $29,000. EverSource Wealth Advisors LLC boosted its stake in shares of Central Garden & Pet by 444.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,001 shares of the company's stock valued at $31,000 after purchasing an additional 817 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of Central Garden & Pet by 198.4% in the 4th quarter. IFP Advisors Inc now owns 1,131 shares of the company's stock valued at $33,000 after purchasing an additional 752 shares during the last quarter. Finally, Rockefeller Capital Management L.P. increased its position in shares of Central Garden & Pet by 577.9% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,654 shares of the company's stock worth $48,000 after buying an additional 1,410 shares during the period. 50.82% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on CENTA. JPMorgan Chase & Co. lifted their target price on shares of Central Garden & Pet from $32.00 to $37.00 and gave the stock an "underweight" rating in a research note on Thursday, July 16th. Weiss Ratings raised shares of Central Garden & Pet from a "buy (b-)" rating to a "buy (b)" rating in a research report on Tuesday. Canaccord Genuity Group decreased their price target on Central Garden & Pet from $54.00 to $53.00 and set a "buy" rating for the company in a report on Wednesday, June 17th. Zacks Research lowered Central Garden & Pet from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 14th. Finally, Wall Street Zen raised Central Garden & Pet from a "hold" rating to a "buy" rating in a research note on Saturday, May 9th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $46.67.

Central Garden & Pet Stock Performance

NASDAQ:CENTA opened at $40.60 on Friday. The company has a quick ratio of 2.16, a current ratio of 3.45 and a debt-to-equity ratio of 0.72. Central Garden & Pet Company has a twelve month low of $25.97 and a twelve month high of $40.79. The company has a fifty day moving average of $37.60 and a 200-day moving average of $34.63. The firm has a market capitalization of $2.54 billion, a P/E ratio of 15.15 and a beta of 0.59.

Central Garden & Pet (NASDAQ:CENTA - Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.03. The business had revenue of $882.36 million for the quarter, compared to analyst estimates of $882.96 million. Central Garden & Pet had a net margin of 5.39% and a return on equity of 11.38%. Central Garden & Pet has set its FY 2026 guidance at 2.850- EPS. As a group, sell-side analysts anticipate that Central Garden & Pet Company will post 2.89 EPS for the current year.

Central Garden & Pet Company Profile

Central Garden & Pet Co is a leading producer, marketer and distributor of branded consumable gardening products and pet supplies in North America. Headquartered in Walnut Creek, California, the company serves both retail and wholesale customers through a network of distribution centers across the United States and Canada. Operating under the ticker symbol CENTA on the NASDAQ exchange, Central Garden & Pet has been publicly traded since 2003.

The company's Garden segment offers a broad portfolio of lawn and garden care solutions, including fertilizers, weed and pest control products, soil and mulch, and plant care accessories.

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